Gambling.com Group Limited (NASDAQ:GAMB) Receives Average Rating of “Buy” from Brokerages

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have been given an average recommendation of “Buy” by the nine analysts that are covering the company, MarketBeat Ratings reports. Nine analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $17.56.

Several research analysts recently commented on the company. Benchmark reiterated a “buy” rating and issued a $18.00 price target on shares of Gambling.com Group in a research note on Thursday, February 20th. Macquarie boosted their price target on Gambling.com Group from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Friday. Jefferies Financial Group boosted their price target on Gambling.com Group from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. BTIG Research boosted their price target on Gambling.com Group from $13.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Craig Hallum boosted their price target on Gambling.com Group from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, December 13th.

Gambling.com Group Price Performance

Shares of NASDAQ GAMB opened at $13.20 on Friday. Gambling.com Group has a 1-year low of $7.52 and a 1-year high of $17.14. The business has a 50-day moving average of $14.20 and a 200-day moving average of $12.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03. The company has a market capitalization of $491.34 million, a price-to-earnings ratio of 16.92 and a beta of 0.99.

Gambling.com Group (NASDAQ:GAMB) last released its quarterly earnings results on Thursday, March 20th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.25 by $0.10. Gambling.com Group had a return on equity of 25.06% and a net margin of 23.40%. The business had revenue of $35.30 million for the quarter, compared to analysts’ expectations of $35.20 million. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, equities analysts anticipate that Gambling.com Group will post 0.88 EPS for the current fiscal year.

Institutional Trading of Gambling.com Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Global Retirement Partners LLC raised its stake in Gambling.com Group by 1,613.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,971 shares of the company’s stock valued at $28,000 after buying an additional 1,856 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Gambling.com Group by 1,968.4% in the 4th quarter. Russell Investments Group Ltd. now owns 2,420 shares of the company’s stock worth $34,000 after purchasing an additional 2,303 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Gambling.com Group by 481.8% in the 4th quarter. Quadrant Capital Group LLC now owns 2,461 shares of the company’s stock worth $35,000 after purchasing an additional 2,038 shares during the last quarter. IFP Advisors Inc bought a new stake in shares of Gambling.com Group in the 4th quarter worth approximately $49,000. Finally, MetLife Investment Management LLC lifted its holdings in shares of Gambling.com Group by 111.2% in the 3rd quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock worth $124,000 after purchasing an additional 6,519 shares during the last quarter. Institutional investors and hedge funds own 72.26% of the company’s stock.

Gambling.com Group Company Profile

Gambling.com Group Limited operates as a performance marketing company for the online gambling industry worldwide. It provides digital marketing services for the iGaming and social casino products. The company's focus is on online casino, online sports betting, and fantasy sports industry. It publishes various branded websites, including Gambling.com, Casinos.com, RotoWire.com, and Bookies.com.